NFLX made nice re-accumulation on last Thursday and Friday. 285-286 is my support zone. Trade above this level will squeeze all sellers and help the price back to $300 level. Today NFLX may gap higher, and I plan to play long side on the pull back.
Unless NFLX trade lower then 285 level, I will stay aside or trade in smaller size to join the bears.
Hi, when you said above 285/286 is bullish, intraday price or daily close price?
ruby_kinetix
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@Voxeurh514, Intraday. I trade on daytrade only. but the strong accumulation at that level is a start evident for NFLX to go higher. if you see on daily and weekly chart, you will see how it will unfold.